Just past midday into the trading day and some leading stocks have been hit hard - SSYS, DDD, and PRLB in the 3D printing sector are down between 3.6% for PRLB to over an 11% loss for DDD.
The market has had a nice run with many pundits saying it's overbought. I still think the market could forge ahead near term, but the action early on today shows that you do not want to chase stocks that are extended.
Stocks mentioned in this post: GSIG, PACT, SEED, PAMT, NVTL
ALWAYS use stops to protect from devastating losses to your portfolio. Click on charts to enlarge.
The market has had a nice run with many pundits saying it's overbought. I still think the market could forge ahead near term, but the action early on today shows that you do not want to chase stocks that are extended.
Stocks mentioned in this post: GSIG, PACT, SEED, PAMT, NVTL
ALWAYS use stops to protect from devastating losses to your portfolio. Click on charts to enlarge.
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